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Frank Hahn
Frank Horace Hahn FBA (26 April 1925 – 29 January 2013) was a British economist whose work focused on general equilibrium theory, monetary theory, Keynesian economics and critique of monetarism. A famous problem of economic theory, the conditions under which money, which is intrinsically worthless, can have a positive value in a general equilibrium, is called "Hahn's problem" after him. One of Hahn's main abiding concerns was the understanding of Keynesian (Non-Walrasian) outcomes in general equilibrium situations. Biography Early life and education Frank Hahn was born on 26 April 1925 in Berlin to Arnold and Maria Hahn, their roots in German and Czech speaking Jewish communities respectively. Arnold Hahn was a chemist by profession and a writer. Arnold and Maria Hahn with their two sons, Peter and Frank, moved to Prague in 1931 (or possibly 1934) and left for England in 1938. Frank's older brother was Peter Hahn (8 November 1923 – 28 August 2007) who became an eminent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berlin
Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constituent states, Berlin is surrounded by the State of Brandenburg and contiguous with Potsdam, Brandenburg's capital. Berlin's urban area, which has a population of around 4.5 million, is the second most populous urban area in Germany after the Ruhr. The Berlin-Brandenburg capital region has around 6.2 million inhabitants and is Germany's third-largest metropolitan region after the Rhine-Ruhr and Rhine-Main regions. Berlin straddles the banks of the Spree, which flows into the Havel (a tributary of the Elbe) in the western borough of Spandau. Among the city's main topographical features are the many lakes in the western and southeastern boroughs formed by the Spree, Havel and Dahme, the largest of which is Lake Müggelsee. Due to its l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critique Of Monetarism
Critique is a method of disciplined, systematic study of a written or oral discourse. Although critique is commonly understood as fault finding and negative judgment,Rodolphe Gasché (2007''The honor of thinking: critique, theory, philosophy''pp. 12–13 quote: it can also involve merit recognition, and in the philosophical tradition it also means a methodical practice of doubt. The contemporary sense of critique has been largely influenced by the Enlightenment critique of prejudice and authority, which championed the emancipation and autonomy from religious and political authorities. The term ''critique'' derives, via French, from (), meaning "the faculty of judging", that is, discerning the value of persons or things. Critique is also known as major logic, as opposed to minor logic or dialectics. Critique in philosophy Philosophy is the application of critical thought, and is the disciplined practice of processing the ''theory/praxis problem''. In philosophical context ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Cambridge
, mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Scholars of the University of Cambridge , type = Public research university , endowment = £7.121 billion (including colleges) , budget = £2.308 billion (excluding colleges) , chancellor = The Lord Sainsbury of Turville , vice_chancellor = Anthony Freeling , students = 24,450 (2020) , undergrad = 12,850 (2020) , postgrad = 11,600 (2020) , city = Cambridge , country = England , campus_type = , sporting_affiliations = The Sporting Blue , colours = Cambridge Blue , website = , logo = University of Cambridge logo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mont Pelerin Society
The Mont Pelerin Society (MPS) is an international organization composed of economists, philosophers, historians, intellectuals and business leaders.Michael Novak, 'The Moral Imperative of a Free Economy', in '' The 4% Solution: Unleashing the Economic Growth America Needs'', Bush Institute, Crown Business, 2012, p. 294 The members see the MPS as an effort to interpret in modern terms the fundamental principles of economic society as expressed by classical Western economists, political scientists and philosophers. Its founders included Friedrich Hayek, Frank Knight, Karl Popper, Ludwig von Mises, George Stigler and Milton Friedman. The society advocates freedom of expression, free market economic policies and the political values of an open society. Further, the society seeks to discover ways in which the private sector can replace many functions currently provided by government entities. Aims In its "Statement of Aims" on 8 April 1947, the scholars were worried about the dan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Szenberg
Michael Szenberg (born 1934) is a professor emeritus and a former Chairman of the Finance and Economics department at Lubin School of Business in Pace University, New York. He is the author and editor of 22 books on economics, and was the editor of ''The American Economist'' published by Omicron Delta Epsilon. Life and career Michael Szenberg was born April 8, 1934 in Sosnowiec, Poland. He graduated from Long Island University in 1963 and received his PhD in economics from the City University of New York in 1970. He graduated from the Israeli Air Force Aeronautics School. He served as the editor-in-chief of Omicron Delta Epsilon's ''The American Economist'' from 1972 to 2011, was editor of ''Economics Categories'' and the ''Cambridge University Press Encyclopedia'', and from 1984 to 2011 was the coordinator and chairperson of meetings of the Editors of Economics Journals, the American Economic Association. Szenberg is the author and editor of 22 books on economics, is an edit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bournemouth School
Bournemouth School is a boys' grammar school and co-educational sixth form in Charminster, Bournemouth, Dorset, England, for children aged 11 to 18. History The school was founded by Dr. E. Fenwick and opened on 22 January 1901, admitting 54 boys. The 1906 syllabus included natural science, drawing, vocal music, drill, and gymnastics alongside history, geography, shorthand, and book keeping. During the First World War, at least 651 young men who had been or were attached to the school served, and 98 of those died, while 95 were wounded. The roll of honour for the former students who died in service can be found inside the school's main entrance. The school moved to the present East Way site in 1939, formerly occupying buildings in Porchester Road and Lowther Road. From 1939 to 1945, the school housed over 600 members from Taunton's School, Southampton (then a grammar, now a sixth form college), due to evacuation from large cities. Among the Taunton staff was English master H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Churchill College, Cambridge
Churchill College is a constituent college of the University of Cambridge, England. It has a primary focus on science, engineering and technology, but still retains a strong interest in the arts and humanities. In 1958, a trust was established with Sir Winston Churchill as its chairman of trustees, to build and endow a college for 60 fellows and 540 students as a national and Commonwealth memorial to Winston Churchill; its Royal Charter and Statutes were approved by the Queen, in August 1960. It is situated on the outskirts of Cambridge, away from the traditional centre of the city, but close to the University's main new development zone (which now houses the Centre for Mathematical Sciences). It has of grounds, the largest area of the Cambridge colleges. Churchill was the first formerly all-male college to decide to admit women, and was among three men's colleges to admit its first women students in 1972. Within 15 years all others had followed suit. The college has a re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetarism
Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation. Monetarist theory asserts that variations in the money supply have major influences on measures of national income and output, national output in the short run and on price levels over longer periods. Monetarists assert that the objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionary policy, discretionary monetary policy.Phillip Cagan, 1987. "Monetarism", ''The New Palgrave: A Dictionary of Economics'', v. 3, Reprinted in John Eatwell et al. (1989), ''Money: The New Palgrave'', pp. 195–205, 492–97. Monetarism is commonly associated with neoliberalism. Monetarism today is mainly associated with the work of Milton Friedman, who was among the generation of economists to reject Keynesian economics and criticise Keynes's theory of fighting economic downturns ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Equilibrium Theory
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts to the theory of ''partial'' equilibrium, which analyzes a specific part of an economy while its other factors are held constant. In general equilibrium, constant influences are considered to be noneconomic, therefore, resulting beyond the natural scope of economic analysis. The noneconomic influences is possible to be non-constant when the economic variables change, and the prediction accuracy may depend on the independence of the economic factors. General equilibrium theory both studies economies using the model of equilibrium pricing and seeks to determine in which circumstances the assumptions of general equilibrium will hold. The theory dates to the 1870s, particularly t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fellow Of The British Academy
Fellowship of the British Academy (FBA) is an award granted by the British Academy to leading academics for their distinction in the humanities and social sciences. The categories are: # Fellows – scholars resident in the United Kingdom # Corresponding Fellows – scholars resident overseas # Honorary Fellows – an honorary academic title The award of fellowship is based on published work and fellows may use the post-nominal letters ''FBA''. Examples of Fellows are Edward Rand, Mary Beard; Nicholas Stern, Baron Stern of Brentford; Michael Lobban; M. R. James; Friedrich Hayek; Lord Keynes; and Rowan Williams. See also * List of fellows of the British Academy References British Academy The British Academy is the United Kingdom's national academy for the humanities and the social sciences. It was established in 1902 and received its royal charter in the same year. It is now a fellowship of more than 1,000 leading scholars spa ... British Academy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stability Of General Equilibrium
Stability may refer to: Mathematics *Stability theory, the study of the stability of solutions to differential equations and dynamical systems ** Asymptotic stability **Linear stability ** Lyapunov stability **Orbital stability **Structural stability * Stability (probability), a property of probability distributions *Stability (learning theory), a property of machine learning algorithms *Stability, a property of sorting algorithms *Numerical stability, a property of numerical algorithms which describes how errors in the input data propagate through the algorithm * Stability radius, a property of continuous polynomial functions *Stable theory, concerned with the notion of stability in model theory *Stability, a property of points in geometric invariant theory *K-Stability, a stability condition for algebraic varieties. *Bridgeland stability conditions, a class of stability conditions on elements of a triangulated category. *Stability (algebraic geometry) Engineering *In atmospher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hahn's Problem
Hahn's problem (or Hahn's question) refers to the theoretical challenge of building general equilibrium models where money does not enter preferences, yet has a positive equilibrium value. Money, since it is intrinsically worthless and is not demanded for its own sake, may not be made to enter the utility function and be present like any other good. The problem is named after the British economist Frank Hahn, who outlined it in his critique of Don Patinkin Don Patinkin (Hebrew: דן פטינקין) (January 8, 1922 – August 7, 1995) was an American-born Israeli monetary economist, and the President of the Hebrew University of Jerusalem.Nissan Liviatan, 2008. "Patinkin, Don (1922–1995)," ''The N ...'s placing money inside the utility function. References General equilibrium theory Economic puzzles {{Econ-stub, date=September 2021 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
